Miami Congress (Dr. Yun) Pt. 4
On the economy:
1) The inflation rate is high and rising. Consumer sentiment is way down. The economy is expanding at a very slow rate.
2) Corporate profits are very high. The stock market is undervalued.
3) Vacation home sales are falling. The currency differential offers some opportunities. The US home prices are falling in Brazillian Real.
4) Freddie & Fannie have been in “declining market policy” mode. This calls for higher lending criteria. This policy is being removed during the month of June.
Sorry if this sounds disjointed. It is from my notes at the presentation. All of the statements are direct quotes or paraphrases from Dr. Yun’s talk.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
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